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Pengersick Lane, Germoe, Penzance, Cornwall TR20

South West

£260,000

Listed on 04/06/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
801 sqft

Description

This chain-free property, set in an elevated position above Praa Sands, presents an enticing opportunity for those looking to modernise and personalise their coastal retreat. With its prime location just a short walk from the popular sandy beach, this home boasts a well-proportioned layout that is primed for updates and enhancements. Ideal for anyone wanting to infuse their own style into a Cornish getaway or establish a low-maintenance seaside residence, the property has potential written all over it. Notably, the roof felt was recently replaced in March 2026 with a 15-year warranty, adding peace of mind about one major aspect of maintenance. The property's exterior includes practical features such as a garage with power supply, a car port, and off-street parking for multiple vehicles, which enhances its functionality. The front and rear courtyards are designed for minimal upkeep, catering perfectly to those preferring an effortless lifestyle in a lock-up-and-leave home. Positioned in Germoe—a charming coastal village—this property is an excellent prospect to create a delightful living space amidst Cornwall's natural beauty.

Investment Analysis

(TR20 area)

Below Market Value

This property is priced -7.8% below area average per sq ft

-7.8%
Potential saving
This Property
£325/sq ft
Area Average
£352/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£310,147
10% above area average per sq ft
Potential ROI
+0.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (TR20)

Area prices are rising by +17.0% over the last 12 months
3 year growth: +9.0%
5 year growth: +20.1%
Investment Disclaimer: Analysis based on TR20 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Pengersick Lane, Germoe, Penzance, Cornwall TR20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£982
Based on a loan of £195,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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